He also tweeted that he is increasing childcare benefits at his. Artists for Peace and Justice acquired $129,708. Total revenues $16,600,467 2020 20162017201820192020$0$0.2b Total expenses $23,665,728 2020 20162017201820192020$0$20m$40m Total assets $11,903,899 2020 25, Elon Musk is president of the Musk Foundation. They received no compensation from the Foundation in 2016. Some of the Musk Foundations donations have generated controversy. Kitchen Community, now called Big Green, has raised over $47m since its inception. BCIC is proud to have a program that is open and inclusive to all business owners who dream of having their product or service in the 2nd most historic downtown district in Texas. Where your heart leads, your giving can follow. The article clarified that none of the payments were illegal, and cited charity experts who said that many were within charitable norms. The Musk Foundation suddenly had to find a home for millions of dollars. If some genius does manage to come up with a solution then thats also a win. Its website is minimal and does not provide a clear way to contact either Elon Musk or Jared Birchall, treasurer of the foundation and the only other known staff member other than Musk himself. Lets also take a look at the number of grants awarded by the foundation.. Musk Foundation Austin, TX, United States www.muskfoundation.org + Contact Info Contact Maps and Charts Funding Interests Grant Information Recipient Profiles Applications/RFPs Financials Who's Who - Officers and Staff News, Social Media and Publications About Purpose and Activities Here are 3 key things that Instrumentls 990 tool can show you to help you figure out if applying to the Musk Foundation is a good use of your time. Musk had started organizing his charity givings more than a decade earlier. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Keep reading to learn even more factors that you should consider! Last summer, Musk tweeted that he would help address the public health crisis in Flint, Michigan. Copyright 2023 InfluenceWatch. The brothers are the basiss sole officers; Elon Musk is president and board director and Kimbal Musk is secretary, treasurer, and board director. The Musk Foundation said it has donated more than $1m worth of water filtration equipment and laptops to causes in Flint, Michigan. The charity lacks a website or social media presence but its stated aim is making grants to other 501(c)3 initiatives and activities that are trying to solve the worlds problems. Jocelyn Hines, 231.332.4118, Grant Application Overview Together, the documents show that many of the organizations donations have gone far beyond its stated scope. Kimbal Musk launched Kitchen Community, a Colorado-based charity, with the help of his brother, Elon. It is supported by Elon Musk and located in Austin, TX. During our interview, he spoke of literacy as a way to help solve poverty. The action you just performed triggered the security solution. To help you along in your grant-seeking quest, we are providing you with a list of funders that are similar to the Musk Foundation that may be a better fit. Here are a few examples of recent grantees making a difference in our community: To view an infographic exploring the impact of CESGs from 2022, click here. Open AIs tax filings show its top researcher alone was paid $1.9m in 2016. (Non-profit), National Wildlife Federation Funding by NTEE codes is by far the most important factor to consider in funder evaluation. Grants are made in support of: Renewable energy research and advocacy; Human space exploration research and advocacy; Pediatric research; Science and engineering education, the site reads. 2110 Ranch Rd., 620 S.P.O. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. *Church is defined as congregations, houses of worship, communities of faith, etc. Their research observed that the Foundation often donated to charities wherein Musks own circle of relatives and/or his corporations have monetary and different interests. The Walton Family Foundation is a family-led foundation whose philanthropic efforts focus on solving complex social and environmental problems. $100 Million Prize Purse XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth's carbon cycle. We are very honored and appreciative of the Musk foundation for supporting BIG and helping to amplify opportunities for those within our community." Thank you! Tech Scholarship, 100% tuition-paid scholarship for the community, Scholarship with Lifetime Career Support, $2,500 Scholarship No Essay Deadline: 2023, Scholarships with no Essay Win Money for College, Win Free Scholarships Enter To Win $10,000 Today, Does SpaceX offer scholarships?, Did Elon Musk receive a scholarship? Some examples of recent church partner grantees that have integrated literacy into their church programs: The application will be reviewed at the end of each month, and grants will be awarded the following month. Criterion #6: Add a score in the range of 0-3 to your funder score to indicate whether or not your organizations state has been historically represented.. 2015. All rights reserved. Many wealthy individuals fund their childrens schools, and support their own charities and initiatives, he explained. Open AI's tax filings show. Sign up for your free Instrumentl account today to view past grantees from even more foundations that you are interested in learning about! I dont know but Elon Musk said on Twitter that hopefully, details would be released next month. The solutions presented by the participating teams will also have to be scalable and cost-effective in order to win the grant, says XPRIZE. CESG grantees are strengthening community partnerships, building relationships, and providing hope and opportunity to many people throughout Muskegon County. We collaborate with donors, grantees, advisors and individuals to identify issues that are most important to the people of Muskegon County. His brother, Kimbal Musk, is secretary and treasurer. Learn more about and support their work. Sign up for our email updates. There are many fantastic (and FREE) resources to help you formulate your plan a great place to start iswww.nonprofitvote.org. Some have benefited the billionaires own initiatives and, indirectly, his family, while others have tackled his pet peeves the foundation has given more money to artificial intelligence research than to any of the more traditional charities it says it supports. Applications will open in the fall of 2023, check back then! Expenses: $582,908 This will ensure you are focusing your time on high-ROI opportunities. These messages are fraudulent. I grew up in poverty and Ive been pretty fortunate. Grantseekers may have more success getting Musks attention by tweeting at him, which has worked in the past. Sam Altman, president of Y Combinator, a Silicon Valley accelerator that has helped to launch hundreds of technology start-ups, attends a conference in Dresden, Germany, in 2016. Instrumentl makes it easy to connect with these insiders with its past grantees feature.. The Kitchen Restaurant Group, a family of restaurants primarily owned by Kimbal, donated hundreds of thousands of dollars to the organization, the spokesman added. Every gift makes a difference. in 2016. You can reach him on Twitter @IqtidarAlii, I have an energy idea, with an equation, that could possibly have unlimited power potential. Elon is pretty sure carbon capture and storage is a scam and is not economically viable. The entire website of Elon Musks private charitable foundation is shorter than many of the Tesla CEOs contentious tweets. Foundation supports a broader funding category. The Musk Foundation is a non-public grantmaking basis based in 2002 via way of means of generation entrepreneur Elon Musk and his brother, Kimbal. Avoid scams. The Foundation has donated to non-political causes, consisting of $480,000 in offers for water filtration in Flint, Michigan, and $424,000 to deliver computer systems to Flint middle schools. Why is this information so important? A few weeks ago Tesla/SpaceX CEO Elon Musk announced on Twitter that he is donating $100M for innovating the best carbon capture technology. Keep in mindyou wont find this information anywhere but on Instrumentls funding per NTEE code report!, The Musk Foundation funds projects that fall into two NTEE categories. Really, weve got to think beyond the United States. Using Form 990s, Instrumentl shows you key information about a foundation's historical giving such as their past grantees, average grant amounts, giving frequency, location preferences, and current board members. I think Elon will probably find a way to help families in need in many ways. Musks first big gift to the foundation came the following year, shortly after eBay bought PayPal, the payments company that Musk had an interest in. The best tool for finding & organizing grants, 67 reviews | High Performer status on g2.com. In 2012, the year Musk signed the giving pledge, the foundation expanded its horizons and donated to the Rock and Roll Hall of Fame, the Los Angeles Police Foundation, and a not-for-profit organization for professional women in New Yorks film, television and digital media industries. The final criteria is the length of time that the removed carbon is locked up for. I do want to highlight what John said above. Use the link below to access previous applications and final grant reports. See a snapshot over the past three years or dive into individual awards. These days you can learn almost anything online. Play in the park (summer program), Holy Trinity COGIC Center Reading is Fun! Criterion #4: Add a score in the range of 0-2 to your funder score to indicate whether the Musk Foundations funding for your niche is what you desire., Theres no magic number to look for in terms of new versus repeat grantees, but we have found that having a 40% to 60% ratio is a good middle ground.. The Musk Foundation helps businesses that push a left-of-middle agenda, in particular environmentalist businesses. Philanthropy, Voluntarism & Grantmaking Foundations N.E.C. 22Nonprofit Quarterly editor-in-chief Ruth McCambridge criticized the donation because of the lack of payout and transparency regulations related to donor-advised fund providers. Engaging Muskegon County residents in voting strengthens our communitys voice. Elon Musk Scholarships 2023 Fully Funded. Its 2016 IRS filing (Form 990) indicates that its biggest donation that yr turned into $37,798,322 and went to donor-suggested fund company Vanguard Charities. Filings show the organization is run by Sam Altman, a director of OpenAI and the president of Y Combinator, a Silicon Valley accelerator that has helped to launch hundreds of technology startups, including Airbnb, Cruise Automation and Dropbox. Between 2011 and 2013, the foundation also made two $50,000 donations to the Mirman school for gifted children in Los Angeles, a school that Elon Musks sons were attending at the time. Musk Foundation - EIN 770587507 Austin, TX - Instrumentl Instrumentl creates easy-to-read 990 Reports based on digitized IRS Form 990s for thousands of private foundation and nonprofits to make it easier for you to find good fit funders like Musk Foundation. Elons Empire: The Sprawling, Intertwining Web of Elon Musks Vested Interests. WIRED. As you can see, the foundations giving average was pretty consistent from 2012 to 2016, but experienced a huge increase in 2017, jumping from just over $10,000 to over $23 million! Add this when the Musk Foundation's funding for your niche lies below your desired amount. No late applications will be accepted. (Non-profit), Global Green USA You can read more about that in Simons article here. 3 awards On January 17, 2023, we asked community members to join us in celebrating the National Day of Racial Healing. Our Youth Advisory Council (YAC) invites school district employees to apply for mini-grants to help them out in the classroom. http://www.wired.co.uk/article/elon-musk-tesla-spacex-empire, https://www.documentcloud.org/documents/5684176-2015-990.html, https://theoutline.com/post/5707/elon-musk-has-a-quarter-billion-dollars-of-tesla-shares-parked-in-a-non-profit, https://www.apnews.com/0375b52ee079460d8f1bb29799545a8d, https://www.documentcloud.org/documents/5684173-2012-990.html, https://www.documentcloud.org/documents/5684172-2011-990.html, https://www.citizenaudit.org/organization/770587507, https://www.savethechildren.org/us/search-results?googlecse=abortion#gsc.tab=0&gsc.q=abortion&gsc.page=1, https://www.documentcloud.org/documents/5684181-2005-990.html, https://nonprofitquarterly.org/2019/01/31/elon-musks-foundation-gives-37-8m-to-donor-advised-fund/, https://www.theguardian.com/technology/2019/jan/23/how-elon-musks-secretive-foundation-benefits-his-own-family, Bill, Hillary, and Chelsea Clinton Foundation These grants are designed to empower organizations that may not yet have a 501(c)(3) status but seek support to foster change across our county. The Musk Foundation plans to donate directly to families, Tesla Cybertruck production machines already being ordered: report, Volvo follows in Stellantis footsteps and departs from ACEA. A technology capable of making a truly measurable impact is what Musk and XPRIZE tea is looking for. According to its website, the Musk Foundation makes offers in help 4 areas: renewable strength studies and advocacy; human area exploration studies and advocacy; pediatric studies; and technological know-how and engineering education.. The California-based foundation focuses its giving on a few specific areas of interest, all of which center around renewable energy, space exploration, pediatric research, and science and engineering education. 41 awards Also, Musk Foundation plans to donate directly to families. Elon Musk gave away $5.7 billion in Tesla shares to his charity foundation last year, Bloomberg reported. MEET THE TEAMS Filter Teams Musk has given personally to multiple causes and organizations, including multimillion-dollar donations to the Sierra Club and the XPrize Foundation, and a $1m grant to the Obama Foundation. Haitian Relief Organization received $61,370. Not good news! The Musk Foundation's grant accounted for the majority of YC.org's revenue, and almost all of its own funding, when it passed along $10m to OpenAI later that year. Looking at the map below, you can see that the Musk Foundation has funded projects across much of the United States.. I suspect he wants to focus on education. Its a donor-advised fund a tax-efficient giving vehicle that holds money on behalf of multiple clients and distributes it over time. It allows the IRS and the public to evaluate an organization and is filed annually. While this may seem promising, it should be considered in relation to the total giving data we reviewed above. He told me, Well, we try hard with the foundation to give away money in ways that are actually useful whether its like a maximum number of cents on the dollar of actually helping the people in need., Its way harder to give away money than you think if you care about it actually doing good as opposed to sounding like it does good. Determining if your organization or project is located in a state or region that has been historically represented in the foundations giving portfolio is helpful information to have as you determine funder fit.

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